ALK 3.24% 55.8¢ alkane resources limited

Watch out for cheap takeover offers once ASM demerger undertaken, page-25

  1. 1,886 Posts.
    lightbulb Created with Sketch. 2456
    I think you'll find the target of this is quite specific, click link below.

    https://*********.com.au/federal-government-critical-metals-blocks-chinese-investment-northern-minerals/

    One of the value propositions of ASM is that it's a rear earths play independent of China.

    It's a pest, especially if you've been a long time supporter of this project and have always had an eye on the ASM prize (as a lot of ALK holders seem to). Presumably you could buy on the same day at the float price, perhaps they could have some sort or arrangement where they sell your allocation of shares on the market but the purchaser is you.

    It would be nice if your allocation could be held in escrow, your sales funds get dispersed to you, then you immediately buy back your share - although that would seem to be going around the letter of the law. Just a thought bubble, I'm sure there's plenty of people smarter than me who have thought this stuff through before.
 
watchlist Created with Sketch. Add ALK (ASX) to my watchlist
(20min delay)
Last
55.8¢
Change
0.018(3.24%)
Mkt cap ! $336.4M
Open High Low Value Volume
56.0¢ 56.5¢ 55.8¢ $412.6K 736.5K

Buyers (Bids)

No. Vol. Price($)
9 101849 55.5¢
 

Sellers (Offers)

Price($) Vol. No.
56.0¢ 91940 14
View Market Depth
Last trade - 11.31am 17/07/2024 (20 minute delay) ?
ALK (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.